Cetera Investment Advisers Sells 11,050 Shares of American International Group, Inc. (NYSE:AIG)

Cetera Investment Advisers trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 17.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,209 shares of the insurance provider's stock after selling 11,050 shares during the period. Cetera Investment Advisers' holdings in American International Group were worth $3,874,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in shares of American International Group by 1.4% during the 4th quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock worth $2,540,050,000 after buying an additional 482,724 shares during the period. Wellington Management Group LLP lifted its position in shares of American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after buying an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after buying an additional 461,912 shares during the period. Franklin Resources Inc. lifted its position in shares of American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after buying an additional 1,284,354 shares during the period. Finally, Norges Bank bought a new position in shares of American International Group during the 4th quarter worth approximately $718,013,000. 90.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now directly owns 21,400 shares of the company's stock, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

American International Group Stock Up 1.6%

NYSE AIG opened at $83.17 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The stock has a fifty day moving average of $82.42 and a 200-day moving average of $77.67. The stock has a market capitalization of $47.93 billion, a P/E ratio of -39.99, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The business had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. On average, equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.16%. American International Group's payout ratio is -67.67%.

Analysts Set New Price Targets

Several equities analysts recently commented on AIG shares. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price for the company in a research report on Wednesday, March 5th. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Morgan Stanley raised their target price on American International Group from $80.00 to $81.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Barclays lifted their price objective on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $87.88.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.

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